UK power prices soar after key cable hit by blaze

  • 📰 BBCNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 16%
  • Publisher: 97%

British wholesale electricity prices for the following day jumped by 19% to £475 per megawatt hour.

United Kingdom Headlines News

United Kingdom Latest News, United Kingdom Headlines

A key electricity cable between Britain and France has been shut down, sending wholesale energy prices soaring.

On Wednesday, British electricity prices for the following day jumped by 19% to £475 per megawatt hour (MWh). A spokesperson for National Grid's electricity system operator, which balances power supplies in the UK, said it expects to "continue supplying electricity safely and securely" despite the incident.

Glenn Rickson, head of European power analysis at S&P Global Platts Analytics, told Reuters: "The outage is going to lift the potential for price volatility as long as it's offline... and of course demand will get higher as we move further into winter."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Here an idea create a soler power station by using the roofs of houses government lease roof in exchange for supplying the national grid?

Weird how the prices soar every six months. Cable blazes must be rife.

If it wasn’t for intermittent wind and solar, the UK wouldn’t need to rely on the likes of France, which generates 72% of electricity from nuclear power.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19: Why has the UK vaccine rollout slowed and which countries have overtaken it?Sky News looks at why the UK vaccine rollout appears to have slowed down in recent weeks. LONG LIVE THE QUEEN! I think the vaccine rollout has slowed because the 4 governments of the UK are expecting another LOCKDOWN of some kind during the winter , so they wanna hold onto some vaccines for emergencies . 🙄🙄🙄🙄
Source: SkyNews - 🏆 35. / 67 Read more »

Chinese ambassador to UK barred from British parliamentMove agreed by Speakers of Commons and Lords follows imposition of sanctions on British MPs by Beijing UK is such a friendly country! Our ambassador should take an extended Autumn Festive leave, and return in 2023. UK parliament is doing the right thing.
Source: The Guardian - 🏆 84. / 53 Read more »

Average UK house price fell by £10,000 in JulyMonthly fall follows year of rising prices and phasing out of stamp duty holiday We offer online tutoring services including help in assignments, coursework, and exams. contact us They've gone up by about £100,000 in my area! The Times claim it fell by £9000. Perhaps as the paper is moving towards the left, but doesn't want to appear too far left that it's publishing the same information.
Source: The Guardian - 🏆 84. / 53 Read more »

Boris Johnson jokes about UK becoming 'Saudi Arabia of penal policy' – videoOpposition politicians say prime minister's remarks about Priti Patel’s policies are a ‘new low’ while this is the realworld inToryUKToday Comment on Priti Patel's polices, use your own logic !
Source: The Guardian - 🏆 84. / 53 Read more »

The cast of Sex Education reveal filming secrets from series 3 | Cosmopolitan UKSex Education is back! Netflix's hit series returns to our screens on 17 September and we honestly can't wait. We spoke to Aimee Lou Wood (Amy), Ncuti Gatwa ...
Source: Cosmopolitan UK - 🏆 134. / 51 Read more »

TUI cancels more flights and holidays ahead of UK travel announcementTUI has updated their holiday and flight cancellations ahead of the UK’s travel update tomorrow. The government’s travel announcement, which happens every three weeks, will update the g… JusticeForChaithra raise your voice ,need help 🙏
Source: TheSun - 🏆 64. / 61 Read more »